TransAct Technologies Incorporated (NASDAQ:TACT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $16.50 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 69 out of 257 based on the ratings given to related companies.
TACT has been the topic of a number of analyst reports. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research report on Friday, November 9th. ValuEngine cut TransAct Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, B. Riley lifted their price objective on TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, November 7th.
Shares of TACT stock traded down $0.05 during trading hours on Thursday, reaching $9.85. 452 shares of the company traded hands, compared to its average volume of 40,008. TransAct Technologies has a 12-month low of $9.88 and a 12-month high of $15.95. The stock has a market cap of $73.17 million, a P/E ratio of 16.48 and a beta of 0.64.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. The firm had revenue of $15.84 million for the quarter, compared to analysts’ expectations of $15.49 million. As a group, equities analysts forecast that TransAct Technologies will post 0.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, November 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.65%. TransAct Technologies’s payout ratio is currently 60.00%.
In related news, Director Graham Y. Tanaka sold 32,385 shares of TransAct Technologies stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $10.49, for a total transaction of $339,718.65. Following the sale, the director now owns 131,971 shares of the company’s stock, valued at approximately $1,384,375.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracey S. Chernay sold 4,000 shares of TransAct Technologies stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $10.49, for a total value of $41,960.00. Following the sale, the senior vice president now directly owns 4,000 shares in the company, valued at approximately $41,960. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,310 shares of company stock worth $1,601,684. Insiders own 12.53% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of TACT. Acadian Asset Management LLC raised its stake in TransAct Technologies by 23.8% during the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after purchasing an additional 14,156 shares during the period. Cadence Capital Management LLC raised its stake in TransAct Technologies by 20.4% during the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 25,330 shares during the period. Cowen Prime Services LLC raised its stake in TransAct Technologies by 5.4% during the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after purchasing an additional 8,299 shares during the period. Dimensional Fund Advisors LP raised its stake in TransAct Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after purchasing an additional 7,428 shares during the period. Finally, Manatuck Hill Partners LLC bought a new stake in TransAct Technologies during the 2nd quarter valued at approximately $246,000. 41.06% of the stock is currently owned by institutional investors.
TransAct Technologies Company Profile
TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.
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